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Intermediate Capital Group (LSE:ICG) Accounts Receivable : £0.0 Mil (As of Mar. 2023)


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What is Intermediate Capital Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Intermediate Capital Group's accounts receivables for the quarter that ended in Mar. 2023 was £0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Intermediate Capital Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Intermediate Capital Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was £-22.31.

Intermediate Capital Group Accounts Receivable Historical Data

The historical data trend for Intermediate Capital Group's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Intermediate Capital Group Accounts Receivable Chart

Intermediate Capital Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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Intermediate Capital Group Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
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Intermediate Capital Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Intermediate Capital Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Intermediate Capital Group's Days Sales Outstanding for the quarter that ended in Mar. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/252.5*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Intermediate Capital Group's accounts receivable are only considered to be worth 75% of book value:

Intermediate Capital Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(550+0.75 * 0+0.5 * 0-7007.3
-0-25.4)/290.599
=-22.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Intermediate Capital Group Accounts Receivable Related Terms

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Intermediate Capital Group (LSE:ICG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Intermediate Capital Group PLC (LSE:ICG) » Definitions » Accounts Receivable
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Traded in Other Exchanges
ICGUF:USA ICPl:UK I2X2:Germany
Address
Procession House, 55 Ludgate Hill, New Bridge Street, London, GBR, EC4M 7JW
Website
https://www.icgam.com
Intermediate Capital Group PLC is an asset management firm that divides its business model into two primary sections, including a fund management company and an investment company. The fund management company is the operating business of the group that sources and manages investments in the European, Asia-Pacific, and North American markets. It allocates capital to corporate investments, capital market investments, real assets, and private equity secondary market transactions. The investment company co-invests alongside third parties in new or existing funds. Its strategy emphasizes a growth-oriented, activist, and long-term approach to investing. It generates revenue through interest income and secondarily through management fees.